Intercompany Lease definition

Intercompany Lease means a lease with respect to any Aircraft by and between the Borrower as lessor, and BHL or any other Permitted Third Party User as lessee, or between BHL or any other Permitted Third Party User, as sublessor, and any other Permitted Third Party User, as sublessee; provided, that with regard to such lease, such lease shall be in the form agreed by the Agent prior to the Utilisation Date or such other form acceptable to the Agent and provided further that a copy of such lease shall be provided to each Lender and the Security Agent.

Intercompany Lease means an intercompany lease of the Collateral solely among two or more Borrowers as set forth in Schedule 7.05 and which is subject to an Intercompany Lease Subordination Agreement.

Intercompany Lease means, individually or collectively as the context indicates, the Intermediate Leases and/or the Head Leases.

Examples of Intercompany Lease in a sentence

• Upon any repossession, foreclosure or other execution by the Administrative Agent of property subject to any Intercompany Lease, such Intercompany Lease shall immediately terminate and become null and void and any claims between the Companies shall constitute Intercompany Indebtedness subordinated to the Obligations hereunder.

• The portions of the BDSI Leased Space subject to the Intercompany Lease may, depending on the occupancy requirements of BND, fluctuate from time to time during the term of the Intercompany Lease.

• The Companies covenant and agree that they shall cause any Subsidiaries which become party to any Intercompany Indebtedness or Intercompany Lease after the date of this Agreement, to the extent then not a party hereto, to execute a Joinder in a form satisfactory to the Administrative Agent in its sole discretion, whereby such Subsidiary joins this Agreement and subordinates all Indebtedness owed to any Company or any of its Subsidiaries.

• Oil & Gas Australia Australia Sikorsky Heavy S-92 Offshore 2 GE CT7-8A 947456(PHI) 947439(PHI) Australia - Aircraft Dry Leased to HNZ Australia (Intercompany Lease) 20.0 14.0 86 920118 N925PH 2009 10 PHI, Inc.

• The portions of the BDSI Xxxxxx Xxxxx xxxject to the Intercompany Lease may, depending on the occupancy requirements of BND, fluctuate from time to time during the term of the Intercompany Lease.

More Definitions of Intercompany Lease

Intercompany Lease means, for any Aircraft, any lease therefor in the Agreed Form between the applicable Genesis Entities.

Intercompany Lease means, for any Aircraft, any lease therefore in the Agreed Form between the applicable Purchaser Entities.

Intercompany Lease has the meaning ascribed to it in Section 4.4(j).

Intercompany Lease means a lease between SLT or the Realty Partnership, on the one hand, and SLC, a Subsidiary of SLC or the Operating Partnership, on the other hand.

Intercompany Lease means, for any Aircraft, any lease therefor in the Agreed Form between the applicable ECAF I Entities.

Intercompany Lease means collectively (i) each of those certain leases between various Borrowers or Guarantors and any one or more of the Club Entities whereby a Borrower leases an owned Unit to such Club Entities for use by Members in the applicable Club(s), (ii) each of those certain Residential Sublease Agreements, Facilitation and Access Agreements, and Rental Agreements between P&J Partners, LLC, and any one or more of the Club Entities, whereby P&J Partners, LLC subleases a leased Unit to such Club Entities for use by members in the applicable Club(s), (iii) each of those certain Option and Reimbursement Agreements between a Club Entity and a Bahamian Borrower, and (iv) any other similar agreement between or among any one or more Borrowers and any one or more Club Entities pursuant to which owned or leased Units are submitted to use by Members of the Clubs, in each case with respect to clauses (i) –(iv) above, as such agreement shall be amended on the Closing Date in the form of Exhibit B and may thereafter be amended from time to time with the prior written consent of the Agent, such consent to be granted or withheld in Agent’s sole discretion.

Intercompany Lease shall have the meaning ascribed to it in Section 5.12.